Bitcoin Forum
May 02, 2024, 04:39:10 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Economy / Speculation / Re: Michael Saylor goes nuts: he predicts a $15 million Bitcoin price. on: January 09, 2021, 05:49:26 PM
This is full wishful thinking on his side. A quick Google search shows that his company, Microstrategy, owns 70,470 bitcoins. If you multiply this by 15 million, you get the value of 1 trillion dollars. So this is precisely the value that would make his bitcoins worth 1 trillion, which he then proceeds to rationalize (i.e. try to find a rational explanation to come to that). Notice that all of these economic reasonings he come up with could have given 14, 16, 20, whatever trillion as a result, but his prediction happens to be precisely the value that makes him a trillionaire. Big coincidence no?
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!